Artificial Intelligence Technology Solutions Inc (AITX)

[mrf8714]

1 year convertible notes which were used to fund the original rover security solution hurt this stock in the worst way. This solution failed, and the company had no funds to pay back the noteholders so most converted. Then they announced a 1:100 R/S when the stock was $0.05 and it plummeted over the next few months to $0.0060. The stock opened the R/S day at $0.60 x $0.80. The stock then proceeded to plummet as more conversions came in to what we have today. It appears another R/S is on the horizon based on their May 2019 news release. After this R/S, it will be interesting to see their 10Q to check how many notes are remaining. It appears they do not have enough deployments to fund the business without looking for other avenues of funding. So Steve is building a business, but the shareholders are paying an enormous price. This would have been more exciting to invest in if RAD stayed private and came public on their own when the company was sustainable with rental income. Very disappointing, but still watching.